Shares of cable, internet, and telephone services provider Charter (NASDAQ:CHTR) fell 16.5% in the afternoon session after the company reported fourth-quarter results with adjusted EBITDA below expectations, leading to an EPS miss vs. analysts' expectations. The residential video subscriber count was in line, while internet subscribers missed by a bit. On the other hand, revenue beat by a very small amount. Overall, this was a mixed but mediocre quarter for Charter.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Charter? Access our full analysis report here, it's free.
What is the market telling us:
Charter's shares are somewhat volatile and over the last year have had 5 moves greater than 5%. But moves this big are very rare even for Charter and that is indicating to us that this news had a significant impact on the market's perception of the business.
Charter is down 18.2% since the beginning of the year, and at $320.40 per share it is trading 29.7% below its 52-week high of $455.73 from September 2023. Investors who bought $1,000 worth of Charter's shares 5 years ago would now be looking at an investment worth $950.59.
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